Interserve PLC (IRV) - Preferred bidder for c.£100m contract RNS Number : 0457R Interserve PLC 14 November 2012 News Release 14 November 2012 INTERSERVE PREFERRED BIDDER FOR C.£100 MILLION RESIDENTIAL AND CORPORATE PROPERTY CONTRACT WITH EAST THAMES GROUP Interserve, the international support services and construction group, has been announced preferred bidder on a seven year residential and corporate property contract with East Thames Group. The contract has a potential value of c.£100 million over the initial seven year term, and includes a provision to extend to fifteen years in total. This integrated repairs and maintenance contract will deliver services to 13,000 properties across East London and Essex and includes a framework option to allow neighbouring public sector bodies access to the improved services and reduced costs of Interserve's approach. Interserve will deliver a strategic asset management service, advising East Thames Group on the most effective maintenance investments across their portfolio. They will also provide planned and responsive repairs and maintenance to East Thames Group's residential housing and corporate buildings; estate services to the local areas; project works across the property portfolio; and building refurbishment between lettings. East Thames Group is a registered housing provider and registered charity, committed to making a positive and lasting difference in East London and Essex. Bruce Melizan, Executive Director at Interserve comments "This strategic partnership further extends Interserve's intelligent approach to delivering support services. This opportunity with East Thames Group broadens our residential maintenance portfolio, and will allow us to support the charity in regenerating East London and Essex to create communities where people want to live." - Ends - For further information please contact: Robin O'Kelly 0118 932 0123 Director of Communications Richard Campbell / Ian Brown 0207 307 5334 Capital MSL About Interserve Interserve's vision is to be the Trusted Partner of all our stakeholders. We are one of the world's foremost support services and construction companies, operating in the public and private sectors in the UK and internationally. We offer advice, design, construction, equipment and facilities management services for society's infrastructure. Interserve is based in the UK and is listed in the FTSE 250 index. We have gross revenue of £2.3 billion and a workforce of over 50,000 people worldwide. Website: www.interserve.com. This information is provided by RNS The company news service from the London Stock Exchange END MSCUOABRUVAAAAA -0- Nov/14/2012 07:00 GMT
Interserve PLC IRV Preferred bidder for c.£100m contract
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